Category: General

Retail Asia24/12/2019
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2min0
Beauty retailer Bonjour Holdings has warned shareholders of a “substantially increased loss” for the current year as the social unrest and falling Mainland Chinese visitor numbers take their toll. Last year, Bonjour Holdings reported a net loss of HK$39.6 million (US$5 million). In a letter to shareholders, chairman Wilson Ip did not put a figure […]

Retail Asia23/12/2019
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3min0
Budget carrier Cebu Pacific has stopped its flights to and from Siem Reap, leaving only one Philippine carrier servicing the Cambodia-Philippines air route. Difficulties in turning out a profit was the main reason for Cebu Pacific’s departure from the Kingdom, according to Philippine media reports last week. Cebu Pacific ended its Siem Reap flights yesterday. […]

Retail Asia23/12/2019
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1min0
Cebu Pacific is offering promotional fares for the Chinese New Year, the airline said Sunday. The country’s largest carrier is offering P99 base fare for flights originating from Cagayan de Oro, Cebu, Clark, and Davao, while passengers can book a Manila to Kota Kinabalu flight for as low as P149. For the complete list of […]

Retail Asia20/12/2019
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2min0
Beijing-based e-commerce retailer LightInTheBox achieved US$59.9 million sales in its third quarter to September, up 35 percent year on year. LightInTheBox said third-quarter net income was US$10 million, in contrast to a loss of US$17.8 million in the same quarter a year ago. Taking into account the change in fair value of the convertible promissory […]

Retail Asia20/12/2019
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2min0
Singapore retail sales – excluding motor vehicles – slipped by 0.6 percent year-on-year in October. Including vehicles, the headline figure was down 4.3 percent. Month-on-month, sales declined by 1.5 percent, excluding motor vehicles. Statistics Singapore estimated the city-state’s retail sales were worth about S$3.6 billion (US$2.7 billion) in October, of which about 6.1 percent were […]

Retail Asia20/12/2019
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1min0
A Chinese court has ruled Japanese retailer Muji must pay RMB626,000 (US$89,000) and apologize to a local firm after losing a trademark-infringement case, according to the South China Morning Post Muji had appealed a 2017 ruling finding against its use of a trademark currently held by Beijing Cottonfield Textile Corp, which was registered four years […]

Retail Asia20/12/2019
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2min0
7-Eleven India is poised to launch in Mumbai, marking the first major international convenience-store chain to take on local players. Master franchisee Future Group’s founder and CEO Kishore Biyani said the firm will concentrate on development in Mumbai only for the initial few years of business, with the first outlets launching in March. “There will […]

Retail Asia19/12/2019
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1min0
Investigators have discovered 7-Eleven Japan to have been underpaying staff since the 1970s, according to a Nikkei report. The review uncovered inaccuracies in the formula used by the retailer to calculate overtime wages for part-time staff since the business was established. The error resulted in staff earning less than mandated by Japan’s Labour Standards Act. […]

Retail Asia19/12/2019
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4min0
A sale of the Tesco Asia business by its UK parent would prioritize shareholders over sound long-term economic strategy, says GlobalData. Over the weekend, Tesco announced it had received an expression of interest from an unnamed party to acquire the Tesco business in Malaysia and the Tesco Lotus operation in Thailand. The company has subsequently […]

Retail Asia19/12/2019
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3min0
Flying from Hanoi to Saigon takes five minutes more per month due to overload at Tan Son Nhat International Airport. Duong Tri Thana, Vietnam Airlines CEO, told a forum Wednesday continued delays at Tan Son Nhat could drag down flight quality and hamper economic growth. The route itself ranked as the sixth busiest domestic route in […]

Retail Asia18/12/2019
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2min0
Vietnamese matchmaker Thong Nhat Match JSC plans to modernize operations due to dwindling sales. The company’s board said it would halt match production next year and delist its DTN shares from the unlisted public companies bourse (UPCoM). Annual match sales hit near 100 million boxes last year, down 45 percent from 10 years earlier, and […]


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